Egtc Workforce Development Inc

Analysis

Egtc Workforce Development Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Egtc Workforce Development Inc reported income of $623k and spending of $738k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $20k to $623k (+3024%), an average of +136% a year. The sharpest change came in the year to June 2021, when income rose by 681%. Over the whole period it spent 163% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Egtc Workforce Development Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Food Empowerment Project ($623k), Shandiin Child Development Center ($623k) and Milagros Foundation ($623k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $2.1m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.